CHICAGO, June 22, 2023 /PRNewswire/ -- The Dark Fiber Market is projected to grow from USD 6.6 billion in 2023 to reach USD 11.9 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.5% from 2023 to 2028 according to a new report by MarketsandMarkets. The growth of the dark fiber market is driven by rising demand for 5G network, increasing demand for internet bandwidth, growing demand for reliable and secure network are the major factors driving growth of the dark fiber market.
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Browse in-depth TOC on "Dark Fiber Market"
157 - Tables
54 - Figures
243 - Pages
Dark Fiber Market Report Scope:
Report Coverage | Details |
Market Revenue in 2023 | $6.6 billion |
Estimated Value by 2028 | $11.9 billion |
Growth Rate | Poised to grow at a CAGR of 12.5% |
Market Size Available for | 2019-2028 |
Forecast Period | 2023-2028 |
Forecast Units | Value (USD Million/Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Single-mode Fiber, Multimode Fiber, Network Type, Material, End User and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge | Lack of proper monitoring systems |
Key Market Opportunities | Augmented global demand for data centers |
Key Market Drivers | Rising demand for 5G network |
By type, the single mode fiber are projected to hold the largest share of the dark fiber market during the forecast period.
The single mode fiber segment held the larger market share in 2022 and is expected to exhibit a higher growth during the forecast period. Single mode fiber is best suited for longer transmission distances, such as multi-channel television broadcast systems and long-distance telephony. Also, single mode fiber has lower fiber attenuation and transmits more information per unit of time than multimode fiber.
By network type, long haul segment is projected to exhibit highest CAGR for the dark fiber market during the forecast period.
The long-haul segment held the largest share of the dark fiber industry in 2022 and is estimated to grow at the highest CAGR during the forecast period. Long haul dark fiber is increasingly being used in video transmission, cloud computing, and 5G/4G/LTE mobile applications. These networks constitute the backbone of global networks wherein cost-effective upgrades and expansion to 100G and beyond are essential. The long-haul networks are widely applied in undersea cabling across long oceanic distances and at notional demarcation lines, thus attracting the participation of several dark fiber ecosystem players in terms of investments. For instance, in February 2023, Bharti Airtel (India) selected Ribbon Communications to deploy long-haul DWDM network. The deployment is based on a disaggregated approach, as part of Airtel's modernization strategy to offer cost-effective 5G mobile backhaul and enterprise business connectivity through Northwestern India.
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North America is expected to hold the largest share in the market by 2028.
The North American region is expected to hold the largest share of the dark fiber market during the forecast period. North America is the largest contributor to the dark fiber market due to the presence of dark fiber service providers in the US, including AT&T, Verizon Communications, Inc., CenturyLink, Inc., Consolidated Communications, and Exa Infrastructure (GTT communications Inc.) An increase in the use of data centers across various business verticals and the early adoption of the latest technologies are expected to contribute to market growth. Various US-based companies, such as Amazon Web Services (AWS), Google, and Microsoft, are increasing their investments in data center construction. The growth will be driven by the US, wherein data centers manage the high volume of data generated, which fuels the market growth. Data centers use dark fiber optic cables to save on costs, improve latency, and provide redundancy. In North America, companies are focusing on expanding the fiber network proving high speeds. Several carriers, municipalities, and planned communities across the US are deploying smaller fiber networks. Cities such as Bristol, Virginia; Burlington, Vermont; Lafayette, Louisiana; Johnson City, Tennessee; Orono, Maine; Minneapolis, Minnesota; and the six counties around Chattanooga, Tennessee are served by the Electric Power Board.
Key Market Players
Major vendors in the dark fiber companies include AT&T (US), Verizon Communications, Inc. (US), CenturyLink (Lumen Technologies) (US) Colt Technology Services Group Limited (UK), Comcast Corporation (US), Consolidated Communications (US), Exa Infrastructure (GTT Communications, Inc.) (US), CenturyLink, Inc. (US), NTT Communications Corporation (Japan), Verizon Communications, Inc. (US), Windstream Communications (US), and Zayo Group, LLC (US), are some of the key players in the dark fiber market.
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